PM Modi congratulates RBI Governor Shaktikanta Das for being ranked top central banker globally

US-based Global Finance magazine ranks Reserve Bank of India Governor Shaktikanta Das as the top central banker, globally. With an ‘A’ grade rating in the Global Finance Central Banker Report Cards 2023, Das has also been placed at the top of the list of three central bank governors who have been rated A .

The Global Finance magazine’s annual Central Banker Report Cards aim to recognize central bank governors who have outperformed their peers through innovative, creative, and persistent strategies. Various attributes such as success in inflation control, economic growth goals, currency stability and interest rate management were taken into consideration for the grading.

The grading scales from A – F and an ‘A’ represents an excellent performance down through an ‘F’ for outright failure, asserting the highest remark to Das’s performance. Switzerland’s Governor Thomas J Jordan and Vietnam’s central bank chief, Nguyen Thi Hong, also earned ‘A’ ratings in this assessment.

The report emphasizes the crucial role of central banks in addressing inflation, which has been exacerbated by increased demand and disrupted supply chains, as well as their role in stabilizing the economy.

“Congratulations to RBI Governor Shri Shaktikanta Das. This is a proud moment for India, reflecting our financial leadership on the global stage. His dedication and vision continue to strengthen our nation’s growth trajectory,” PM Narentra Modi tweeted.

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In addition to Das, other central bank governors who received an ‘A’ rating include Roberto Campos Neto of Brazil, Amir Yaron of Israel, Harvesh Kumar Seegolam of Mauritius, and Adrian Orr of New Zealand. Those who received an ‘A-‘ grade include Leonardo Villar of Colombia, Hector Valdez Albizu of the Dominican Republic, Asgeir Jonsson of Iceland, Perry Warjiyo of Indonesia, and others.

It’s worth noting that Shaktikanta Das was previously honored with the ‘Governor of the Year’ award at the Central Banking Awards 2023 in London. This recognition highlights India’s financial leadership on the global stage, and Prime Minister Narendra Modi extended his congratulations for Das’s dedication and vision in bolstering the nation’s growth.